Nissan Motor prepares to invest 60 billion yuan ($9.5 billion) in China over the next 5 years with its joint-venture partner as it looks forward to become a top three automaker in the world’s biggest market. Having spent a long time as a second-tier player in China, Nissan and Dongfeng Group stated they plan to

A Chinese startup revealed its vision for the vehicle of the future Sunday, guaranteeing to provide an “intuitive and intelligent” automobile to worldwide markets starting next year from around $45,000. The electric-powered concept car revealed by Byton at the Consumer Electronics Show in Las Vegas is promoted as a computing device on wheels, geared up

China-based smartphone maker Xiaomi has hinted at plans to build electric vehicles as tech groups progressively look to cars as next-generation smart devices. In a regulatory filing in India publicised this week, Xiaomi stated it may offer “all types of automobiles for transportation, conveyance and other transportation equipment, whether based on electricity or any other

Chinese automakers are on their way to produce 49 of the 103 new electric car models that will be released worldwide by 2020, as part of China’s push to speed up the switch to battery power from oil, according to a new forecast released on Wednesday. U.S. consulting company AlixPartners also stated China is intending

China prepares to plug a regulatory gap and start supervising low-speed electric vehicles utilized primarily in the country’s rural locations, legitimizing a market sector that overshadows sales of regular battery-electric automobiles made by the companies like BYD Co. and Tesla Motors Inc. Under the present regulative framework, there are no rules governing the creation and

Daimler AG prepares to sell Mercedes-Benz branded all-electric battery automobiles in China, its China chief stated on Wednesday, as the automaker capitalizes on government efforts aimed at increasing the market for new-energy vehicles (NEVs). Hubertus Troska stated the government’s push, which includes tax breaks and other policy support, has assisted the numerous NEVs sold last

Another day, another Chinese electrical automobile startup with significant aspirations and huge funding. Bloomberg reported on WM Motor, an electrical automobile start-up led by Freeman Shen, the exec responsible for the acquisition of Volvo by Chinese auto maker Zhejiang Geely. Shen left Geely two years back and released WM Motor in 2015. The company has